Royal Dutch Shell earnings in first quarter 2016 at current cost (CCS), excluding exceptionals, were $1.6bn, down 58% from $3.7bn in 1Q 2015. Low oil and gas prices were the main drag on results. Shell in mid-February completed its acquisition of BG for $54,034mn – including $19,036mn cash and $34.
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Nigeria’s Oando PLC will buy Conoco’s stake in a liquefied natural gas project in the Niger Delta for $105 million. The company will buy Conoco’s 17 percent stake in the Phillips (Brass) Limited (PBL), which is developing the Brass LNG Project , a two-train, 10 million ton facility...